Fidelity Bond vs Employee Dishonesty Bond — Differences Explained
Both protect against employee theft, but the policies are structured differently and required in different scenarios.
Fidelity bond
A fidelity bond is a financial guarantee that protects an organization against losses caused by dishonest acts of its employees. The most common type is the ERISA fidelity bond, required for any employee benefit plan with assets (covers the plan administrators).
Employee dishonesty bond
An employee dishonesty bond protects the BUSINESS against employee theft of money, securities, or other property. It's a commercial crime coverage. Required by many Medicaid contracts and state licensure rules (e.g., Ohio ORC § 3721 requires it for nursing homes).
Which do you need?
• ERISA Fidelity Bond — required if you have a 401(k), pension, or similar benefit plan. Bond amount: 10% of plan assets, up to $500K (or $1M if plan holds employer stock). • Employee Dishonesty Bond — required by state licensure or contracts; typically $10K–$100K limit.
Get either bond
Both bind same-day through CNA Surety. 814-718-0060.
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